16/11/2022 - ERI - Energy Recovery Inc.: Southwest IDEAS Investor Conference Presentation

FORWARD-LOOKING STATEMENT

This presentation contains forward-looking statements within the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this report include, but are not limited to, statements about our expectations, objectives, anticipations, plans, hopes, beliefs, intentions, or strategies regarding the future. Forward-looking statements that represent our current expectations about future events are based on assumptions and involve risks

and uncertainties. If the risks or uncertainties occur or the assumptions prove incorrect, then our results may differ materially from those set forth or implied by the forward-looking statements. Our forward-looking statements are not guarantees of future performance or events. Words such as "expects," "anticipates," "believes," "estimates," variations of such words, and similar expressions are also intended to identify such forward-looking statements.

These forward-looking statements are subject to risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. You should not place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this presentation. All forward-looking statements included in this presentation are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in the forward-looking statements, as disclosed from time to time in our reports on Forms 10-K,10-Q, and 8-K as well as in our Annual Reports to Stockholders and, if necessary, updated in our quarterly reports on Form 10 Q or in other filings. We assume no obligation to update any such forward-looking statements. It is important to note that our actual results could differ materially from the results set forth or implied by our forward-looking statements.

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LEVERAGING THE PX TECHNOLOGY PLATFORM

Our solutions reduce waste and energy consumption

We revolutionized seawater reverse osmosis (SWRO) desalination, reducing energy costs by up to 60%*

We are expanding our pressure exchanger technology to handle commercial applications in other industries

We seek to achieve long-term sustainable growth by accelerating the environmental sustainability of our customers' operations

*Energy Recovery estimate

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TARGETING 25% - 40% AVERAGE REVENUE GROWTH

Desalination		Industrial Wastewater		Refrigeration	$570M

				$330M	$300
				$100
	$123M	$132M+	$30	$70
$104M
	$120	$126		$200		$200
$104
2021	2022	2023		Low		High
					2026

Note: These revenue growth range goals, long-term vision and similar statements illustrate possible outcomes of our different segment strategies. These growth illustrations should not be treated as forecasts, projections or financial guidance. We cannot assure that we will be able to accomplish these goals, metrics or opportunities in the future, all of which are subject to significant risks and uncertainties as set forth under Risk Factors in our Annual Report on Form 10-K.

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